The FBI is keeping a close watch on Twitter and Facebook, looking for instances of security fraud. The increased interest is all part of an on-going crack down on insider trading in the hedge fund industry. For more information read the article, “FBI Sees Facebook, Twitter as Breeding Ground for Security Fraud”, from Reuters.
The US government wants to be able to mine all social media more efficiently in the name of national security. In addition to privacy concerns, are issues with finding software that can accurately determine risks. Marcus Wohlsen of the Associated Press reports in “US Government Seeks to Mine Social Media to Help Predict Future.”